The branch of the Central Bank of Yemen in Al-Mahra Governorate, led by the branch director, Mr. Jamaan Awad, and the bank’s supervisory director, Mr. Tariq Abdullah Balhaf, continues an extensive field campaign to close unlicensed exchange companies that violate regulatory regulations, in coordination with the Public Prosecution and Public Security, and under the direct supervision of the local authority. In Al-Mahra Governorate, headed by the Governor, His Excellency Mr. Muhammad Ali Yasser.

The campaign, on its second day, included the southern districts, where it resulted in the closure of 3 unlicensed exchange companies, including 2 in the Huswain District and one exchange in the Qishn District.

The campaign continues with intensive efforts to cover all directorates in the governorate and ensure compliance with the legal regulations regulating the work of exchange companies.

The campaign began yesterday following a joint meeting that included the Chief Public Prosecutor, Judge Hani Saleh Balhaf, the Director of the Central Bank Branch, Mr. Jamaan Awad, the Director of Security and Police, Brigadier General Mufti Suhail Samouda, and the Director of Supervision at the Bank, Mr. Tariq Abdullah Balhaf, and was attended by the prosecutors, Judge Fikri Salem Abu Bakr. And Judge Abdullah Salem Saedan.

This step comes within the framework of the directives of His Excellency the Attorney General of the Republic, Judge Qaher Mustafa, and in implementation of the reports submitted by the Governor of the Central Bank of Yemen, Mr. Ahmed Ghaleb Al-Maqbi, with the aim of regulating the exchange sector and limiting unlicensed financial activities.